Gold Futures

  • Gold is one of the oldest and well-known products used for investment in the history of human existence. The investments in gold have traditionally been to hedge against inflation. For majority of the diversified investment funds, gold is a must have product in the portfolio.

    DGCX Gold futures contract provides the international benchmark pricing Gold contract for investors, speculators, hedgers and arbitragers. Gold futures contract was the first contract launched on DGCX platform in 2005 and has traded more than 5.4 million lots since then.

    • Trade your views on the International benchmark Gold prices
    • Arbitrage opportunity with the highly correlated gold contract based on Indian and other international benchmark prices.
    • Benefit from margin offset provided by DCCC for inter-commodity spreads
    • Low cost structure
    • USD denominated, Intention matching mechanism for delivery
    • Lot size of 32 troy ounces (Approx. 1 KG)
    • Tick size of USD 0.10 per troy ounce and tick value of USD 3.2
    • Efficient margining for optimal leverage
    • 6 contract months (covering approximately a calendar year) available at any given point of time
    • Live prices available under marketwatch link on DGCX website
  • ContractParameters
    Contract Symbol DG
    Underlying Gold
    Contract Size 32 troy ounces. (1 kg)
    Notional Contract Value 32xGold Price quote in USD pr troy ounces
    Trading Currency USD
    Settlement Currency USD
    Price Quote USD per Troy Ounces
    Tick Size USD 0.1
    Tick Value USD 3.2
    Settlement Basis Physical Delivery
    Last Day of Trading Third last business day of the month preceding the Delivery Month
    Trading Days Monday through to Friday
    Trading Hours DGCX Trading Hours
    Trading Months Feb, Apr, Jun, Aug, Oct and Dec
    New Contract Listing Business day immediately following last trading day
    Max Order Size 200 contracts
    Initial Margin based on SPAN USD 1,400 per lot (subject to change)
    Calendar Spread Margin Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using the SPAN framework. In case of Gold, 100% benefit is offered on calendar spread margins
    Extra Margin In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions
    Delivery Margin Five (5) times of the Initial Margins
    Daily Price Movement limit No Limits*
    Note 1*: For the avoidance of "fat finger" errors, price band shall be USD 20 from previous settlement price e.g. if previous settlement price is USD 1,200 then the price band is from USD 1,180 to USD 1,220. If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period
    Delivery Mechansim Details
    Delivery Unit 31.99 troy ounces (1kg) cast in one bar, accompanied by the original Refiner's Certificate
    Deliverable Quality 0.995 Fineness
    Exchange of Futures for Physical (EFP) EFP (Exchange of Futures of Physical) - a mechanism to exchange Futures for Spot, and Spot for Futures will be available
    Approved CMI / Assayers Names as listed on the DGCX/DCCC websites
    Approved Brands Names as listed on the DGCX/DCCC websites
    Approved Refiners Names as listed on the DGCX/DCCC websites
    Approved Vaults Names as listed on the DGCX/DCCC websites
    Delivery Period First Day of the Delivery Month
    Notice Day Last Day of trading of the Delivery Month
    Delivery Process The Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices
    Vault Charges Rates applicable as published on the DGCX website
    Daily Settlement Price As per DGCX Notice # COMP-2008-014 dated April 22, 2008
    Delivery Instrument Warrant
    Option for Cash Settlement Open Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per gold cash settlement price declared by the Exchange

  • Expiry MonthExpiry CodeLast Trading DayNotice DayDelivery Day
    Dec'18 DG-20181128 28 Nov 2018 28 Nov 2018 29 Nov 2018
    Feb'19 DG-20190129 29 Jan 2019 29 Jan 2019 30 Jan 2019
    Apr'19 DG-20190327 27 Mar 2019 27 Mar 2019 28 Mar 2019
    Jun'19 DG-20190529 29 May 2019 29 May 2019 30 May 2019
    Aug'19 DG-20190729 29 Jul 2019 29 Jul 2019 30 Jul 2019
    Oct'19 DG-20190926 26 Sep 2019 26 Sep 2019 27 Sep 2019